> But a drop of 60+% in the collateral basket used by DAI is not inconceivable. Dai has survived a 94% drop in the value of its backing collateral in 2018, and

> But a drop of 60+% in the collateral basket used by DAI is not inconceivable. Dai has survived a 94% drop in the value of its backing collateral in 2018, and it maintained the peg well. It would, however, be a problem if the drop was _instant_ and sustained. But it should be able to handle the speed of the drop we saw in Luna. Your point is taken regarding trading types of trust with respect to bugs or backdoors. There is certainly a level of trust required there.